The Fair Share Report
277 Eldon Ct
Ridgewood, NJ 07450
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $748,419 – $1,031,021, from 12 comparable Ridgewood sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Ridgewood assessments sit below market value — republished every October, applied town-wide. A $914,097 home should be assessed near $553,212.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,712 below what the ratio math suggests (6.8%).
Step 4 · The tax rate — same for every Ridgewood home
$1.801 Schools · 62% $0.347 County · 12% $0.742 Town · 26%
Step 5 · The bill
This home vs. every recent Ridgewood sale · assessed ÷ market
38%75%
Paying about right
This home's ratio lands inside Ridgewood's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 338 S VAN DIEN AVE | 2026-02 | $999,999 | 1,759 | 53.3% |
| 955 BARNES DR | 2025-01 | $910,000 | 1,777 | 47.8% |
| 475 STEVENS AVE | 2025-06 | $1,010,000 | 1,854 | 52.1% |
| 259 BURNSIDE PL. | 2025-07 | $787,500 | 1,813 | 57.2% |
| 329 VESTA COURT | 2025-04 | $820,000 | 1,669 | 50.3% |
| 194 BELLAIR RD | 2025-07 | $1,355,000 | 1,829 | 48.8% |
| 726 MIDWOOD RD | 2025-04 | $752,000 | 1,768 | 68.5% |
| 485 STERLING PL | 2025-11 | $1,125,000 | 2,009 | 46.2% |
| 304 LAKEVIEW DR | 2025-09 | $669,000 | 1,724 | 58.1% |
| 217 JEFFER ST | 2026-06 | $1,050,000 | 1,883 | 49.6% |
| 683 EASTERN CT | 2026-03 | $889,000 | 1,844 | 52.4% |
| 414 JEFFERSON ST | 2025-07 | $640,000 | 1,692 | 65.1% |
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